Advertisement
U.S. Private Sector Employment Rises Much Less Than Expected In August
(RTTNews) - Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by much less than expected in the month of August.
ADP said private sector employment rose by 132,000 jobs in August after jumping by nearly 270,000 jobs in July. Economists had expected employment to surge by 288,000 jobs.
"Our data suggests a shift toward a more conservative pace of hiring, possibly as companies try to decipher the economy's conflicting signals," said ADP chief economist Nela Richardson. "We could be at an inflection point, from super-charged job gains to something more normal."
ADP suspended its jobs report for June and July as the firm revamped its methodology and entered into a partnership with the Stanford Digital Economy Lab.
U.S. Job Growth Slightly Exceeds Estimates In May
U.S. Employment Jumps Slightly More Than Expected In May
U.S. Labor Productivity Slumps 1.5% In Q1, Much More Than Previously Estimated
U.S. Trade Deficit Narrows Substantially In April As Imports Plummet
U.S. Jobless Claims Unexpectedly Rise To Nearly Eight-Month High
U.S. Labor Productivity Slumps Much More Than Previously Estimated In Q1
U.S. Trade Deficit Narrows Much More Than Expected In April
